Meet 9 Nigerian real estate billionaires in 2024

This article by News360 Nigeria features the top billionaires in the Nigerian real estate market for your reading pleasure.

Nigeria’s real estate industry has seen tremendous growth and development recently as a result of the country’s expanding population and urban migration, which have increased demand for residential and commercial real estate.

This has consequently encouraged more ordinary and powerful Nigerians to invest in the real estate market.

Even though there are a lot of realtors in the industry trying to establish themselves, some have already established empires and solid niches for themselves in the local and global real estate markets.

The Nigerians listed below are those who have made a name for themselves in the country’s real estate market thus far.

1. Sir Clement Oluwatumininu Okeowo ($800 million)

With a net worth of $800,000, Oluwatumininu Okeowo is a well-known figure in the Nigerian real estate market.

He is the Chief Executive Officer of Gibraltar Construction Nigeria Limited, Nigeria’s leading construction company.

In 1965, he was born into the famous Yoruba family of billionaire business mogul, late Chief Victor Taiwo of Ijebu-Ode.

He owns a large number of luxury cars and high-end apartments.

2. Olawale Ayilara ($350 million)

Olawale Ayilara is a well-known figure in Nigeria’s real estate industry and a successful entrepreneur. He is the CEO of LandWey Investment Limited, Nigeria’s leading real estate development company.

He is notable not only for his business acumen, but also for his impressive net worth of $350 million, which he has accumulated over the years.

He is at the forefront of converting urban landscapes into vibrant community hubs.

3. Oba Adetola Emmanuel King ($80 Million)

Oba Adetola Emmanuel King is the CEO of Adron Homes & Properties Ltd., and he is dedicated to providing Nigerians with affordable, high-quality homes.

He graduated from YabaTech and earned a master’s degree in housing development and management from the University of Ibadan.

He began working for WEMABOD Estates Limited at Cocoa House in Ibadan before establishing his own firm, which has resulted in a net worth of $80 million for himself.

4. Jide Balogun ($55 Million)

Jide Balogun is the CEO of Primrose Development Company Ltd., a leading real estate developer in Nigeria with over 30 years of experience.

He is the second son of Otunba Subomi Balogun, FCMB’s founder, and holds an MBA from Durham University in the United Kingdom. He is also a member of the Nigerian Bar Association.

Before venturing into real estates, he was the Managing Partner at Balogun & Balogun Chambers, where he gained experience in corporate finance and investment banking.

He is happily married to Uche, née Odogwu, who is the daughter of Ide Asaba billionaire Chief Sonny Odogwu.

He has a net worth of $55 million, which he earned through real estate investing.

5. Prince Adetunji Ogunwusi ($40 Million)

Another seasoned real estate agent, Prince Adetunji Ogunwisi serves as CEO of Primewaterview Ltd., a division of Primewater Holdings Limited.

The company was founded in 2005 and focuses on building commercial and residential properties in Lagos and other regions of Nigeria.

Over the years, he has amassed a net worth of $40 million.

6. Udo Maryanne Okonjo ($40 Million)

The multifaceted Nigerian Udo Maryanne Okonjo is the CEO of Fine & Country West Africa, a luxury real estate company renowned for offering its clients luxury real estate investments.

She is an eminent lawyer, businesswoman, and real estate mogul who has amassed a $40 million net worth over her career.

She attended the esteemed University of Nigeria, Nsukka, and the Lagos Business School, Oxford University, as well as the Cambridge Judge Business School, University of Cambridge, before graduating.

7. Oludare Bello ($25 Million)

Oludare is the principal partner of Bello & Co., an Abuja-based company that conducts estate surveys and valuations, as well as the chief executive officer of Citec International Estate Limited.

He is also a fellow of the Nigerian Institution of Estate Surveyors & Valuers and a solicitor and advocate at the Nigerian Supreme Court.

He has made a name for himself in the real estate industry and is worth $25 million.

8.Adebola Sheidu ($15 Million)

Adebola Sheidu is CEO of Brains & Hammers Limited, a company renowned for building innovative structures with the highest standards.

He has over ten years of construction experience in Nigeria and is a seasoned entrepreneur with a law degree.

He possesses a net worth exceeding $15 million and has held positions on the boards of several real estate firms.

9. Paul Onwuanibe ($10 Million)

Paul Onwunaibe is the CEO and founder of Landmark Africa, which was established in 1997.

He graduated from South Bank University London with a bachelor’s degree in architecture and Imperial College London with a master’s degree in construction project management, environmental design, and property development.

To hone his business sense even more, he graduated with an MBA from the esteemed London Business School.

Over 5,000 organizations have benefited from Landmark Africa’s services since its founding, including market research, advisory, serviced office, and real estate development.

Based on his real estate ventures, his net worth is estimated to be $10 million.

9. Bamidele Onalaja ($10 Million)

Bamidele Onalaja is the Chief Executive Officer of RevolutionPlus Property, a well-known real estate firm in Nigeria.

He graduated from Lagos State University with a Bachelor’s and Master’s degree in Economics and Business Administration.

Prior to founding RevolutionPlus Property Development Company Limited, he held management positions at several real estate companies.

With a current net worth of roughly $10 million, Bamidele is incredibly wealthy.